Price trend

According to the price monitoring of SunSirs, since November, the market price of polyester filament has kept falling. Among them, polyester DTY fell 6.50%, polyester FDY fell 4.71%, and polyester POY fell 2.29%. As of the 23rd, for mainstream polyester filament factories in Jiangsu and Zhejiang, the price of polyester POY (150D/48F) was 6,750-7,100 RMB/ton, the price of polyester DTY (150D/48F low elasticity) was 7,950-8,500 RMB/ton, and the price of polyester FDY (150D/96F) was 7,650-8,000 RMB/ton.

Analysis review

According to the monitoring of SunSirs, the average price of the domestic PTA spot market on November 22 was 5,643 RMB/ton, down 0.78% from the beginning of November and up 17.84% year on year. The cost side became weaker and the demand was poor, which led to the PTA price maintaining a downward pattern. In terms of self supply, the load of PTA large plants had been reduced and new units had been put into production late, but the improvement of processing fees drove the production willingness to rise, and the current industry operating rate remained above 74%. In addition, PTA's new capacity is about to be tested, and the accumulated warehouse is expected to rise.

In the downstream textile market, the peak of the Double 11th Festival has passed, and the terminal textile and clothing consumption was again weak, the light textile turnover was at a seasonal low, and the grey cloth and yarn inventory was high. Some weaving factories have been closed for holidays or stopped in succession, and the operating rate has shown a downward trend of shock. The comprehensive operating rate of Jiangsu and Zhejiang looms has dropped to around 56%.

Market outlook

According to the analysts of SunSirs, the cost end crude oil and PX have weakened recently. At present, most PTA devices in China have completed their annual maintenance. The pressure for new devices to be put into production is not reduced, and the starting load will continue to rise, and the support for polyester filament prices is correspondingly weak. At the same time, the weak demand is obvious, the purchasing enthusiasm is low, and the confidence in the future market is insufficient. Therefore, on the whole, the price of polyester filament will still fluctuate and weaken.

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